Week 42, 2026
Corn leads selling as coffee attracts buying
Report date: Tue 20th Oct 26
Released: Fri 23rd Oct 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators drove the largest move in corn this week with heavy selling. Coffee posted the main buying, but that was the smaller side of the tape.
Top Buyers This Week
Coffee
This marks a flip from long liquidation and new shorts last week. New longs and short covering while still net long, +8.49% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -1.7%.
Brent Crude
This marks a flip from long liquidation and new shorts last week. Short covering while still net short, +3.74% of the book. The book is still net short, but it sits as a crowded short versus the prior 52 weeks. Spot continued the buying from the report date close to the release close, +7.5%.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Coffee
Spot -1.7% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
4.45%
(77,144)
|
6.66%
|
-11.1%
|
8.49%
|
42nd |
|
Brent Crude
Spot +7.5% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
0.8%
(107,605)
|
-1.68%
|
-6.37%
|
3.74%
|
6th |
Top Sellers This Week
Corn
This is a second week of long liquidation and new shorts. Long liquidation and new shorts while still net long, -10.77% of the book. Spot continued the selling from the report date close to the release close, -1.3%.
Copper
Long liquidation and new shorts while still net long, -7.59% of the book. Spot continued the selling from the report date close to the release close, -1.0%.
Silver
The book is still net long, but it sits as a crowded short versus the prior 52 weeks. New shorts while still net long, -6.14% of the book. Spot continued the selling from the report date close to the release close, -6.8%.
Soybeans
Long liquidation while still net long, -5.55% of the book.
Wheat
New shorts while still net short, -4.37% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Corn
Spot -1.3% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
-0.52%
(679,221)
|
-5.65%
|
27.87%
|
-10.77%
|
69th |
|
Copper
Spot -1.0% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
4.23%
(139,673)
|
-8.39%
|
5.38%
|
-7.59%
|
33rd |
|
Silver
Spot -6.8% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
5.13%
(49,355)
|
0.53%
|
25.65%
|
-6.14%
|
2nd |
|
Soybeans
Spot +1.7% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
1.99%
(414,460)
|
-7.22%
|
-1.45%
|
-5.55%
|
71st |
|
Wheat
Spot -2.8% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
1.9%
(292,338)
|
5.52%
|
13.03%
|
-4.37%
|
48th |
|
Gold
Spot -3.0% from the report date close (Tue 20 Oct) to the latest price when the report was released (Fri 23 Oct) |
1.5%
(274,419)
|
-3.33%
|
-0.38%
|
-2.83%
|
71st |
|
Crude Oil WTI
Spot +1.7% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
-3.42%
(580,899)
|
-2.77%
|
0.6%
|
-1.87%
|
29th |
|
Natural Gas
Spot +3.0% from the report date close (Tue 20 Oct) to the release close (Fri 23 Oct) |
-1.75%
(770,222)
|
-4.63%
|
-1.01%
|
-0.98%
|
4th |
Other Notable Moves
Gold saw long liquidation while spot continued lower, -3.0%.
Crude Oil WTI saw long liquidation and new shorts while spot moved the other way, +1.7%.
Natural Gas saw long liquidation while spot moved the other way, +3.0%.
Quick Read
Corn led with long liquidation and new shorts for a second week.
Coffee flipped back to new longs and short covering.
Silver added new shorts into a crowded short versus the prior 52 weeks.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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